Archive for the " Mining Companies " Category

The World’s Top Bauxite Producer and Exporter ,Guinea To Renegotiate All Mining Contracts and Freeze Gold Extraction

December 28th, 2008

“Daily updated world mining exploration project news”—–Guinea, the world’s top bauxite exporter, will renegotiate all mining contracts and freeze gold extraction until further notice, the leader of a junta that took power in a recent coup said Saturday.
“We have blocked the mining sector,” Captain Moussa Dadis Camara said in a speech. “There will be a [...]

Harmony Gold Mining Exploration Company R1 Billion Closer to Clear Pile of Debt

December 25th, 2008

“Daily updated world mining exploration news the big mining producer”—– HARMONY Gold Mining has taken the first step to clearing its books of debt after raising almost R1bn through a share issue, paving the way for a possible acquisition in mid-2009.
Yesterday, the company said it had raised R979m before costs by issuing 10,5-million shares. The [...]

American Top Mining Exploration Company Anglo cuts 2009 capex to $4.5b and possible job cuts

December 18th, 2008

“Daily updated mining exploration news on mining project companies”— American Top Mining Exploration Company Anglo Plc will slash capital spending next year by more than half to $4.5 billion, while other firms linked to the sector reported knock-on impacts from a collapse in metals markets.
Anglo, the world’s fourth-biggest diversified mining group by market value, said [...]

Dynasty Metals & Mining Exploration Inc Plans to Commission Gold Plant By the End of March 2009

December 18th, 2008

“Daily updated mining exploration news on Gold Mining Project”—Dynasty Metals & Mining Exploration Inc has nearly finished plant construction at its Zaruma Gold Project in Ecuador.
Company President, Rob Washer, commented: “President Correa and other senior Mining Ministry representatives continue to express publicly and privately their support for “large scale environmentally responsible” mining in Ecuador. After [...]

Cambrian Mining Exploration Company cuts production to save cash

December 3rd, 2008

Cambrian Mining Plc said on Monday it was cutting production to preserve cash and maintain its operating flexibility, sending its shares down 10 percent.
The AIM-listed coal, gold and antimony miner said it was undertaking a re-organisation of its gold and antimony operations at Costerfield, Australia in view of recent weakness in the world antimony market.
“Running [...]

Mining Exploration Company Bee County Leaders Debate Uranium Mines Project

November 26th, 2008

“Daily Updated Mining Exploration news on uranium Mining”—–PAWNEE–A resolution to support uranium mining in Bee County sparked a big debate today. In the end, elected officials in Bee County opted not to take a position and to let landowners basically make up their own minds.
The small town of Pawnee in Bee County may soon become [...]

Miner Exploration Company MMX Says 64% Of Brazilian Pig Iron Plants Shut - Estado

November 25th, 2008

“Daily Updated Mining Exploration news on Iron Mining”—- RIO DE JANEIRO -Nearly two-thirds of Brazil’s pig iron production furnaces are shut down, the Estado News Agency said Monday, citing Brazilian mining company MMX Mineracao Metalicos.
MMX General Manager Joaquim Martino Ferreira said 103 out of a total of 161 furnaces are shut down.
“In the last [...]

The World Miner Exploration Company Rio completes port expansion

November 25th, 2008

“Daily Updated Mining Exploration news on Giant Companies”—-Rio Tinto has completed the $US860 million ($1.4 billion) expansion of its key Cape Lambert port in what could mark the end of the mining giant’s aggressive Pilbara iron ore expansion program.
The port expansion, to take shiploading capacity from 55 million tonnes a year to 80mtpa, was completed [...]

The world’s Biggest Mining Exploration Company BHP Billiton dumps Rio Tinto bid

November 25th, 2008

“Daily Updated Mining Exploration news on Giant Companies”—- BHP Billiton, the world’s biggest mining company, abandoned a hostile $68 billion takeover bid for rival Rio Tinto, blaming the global economic downturn and plunging commodity prices.
BHP said in a statement Tuesday that the board “no longer believes that completion of the offers for Rio Tinto [...]

The Big Iron Mining Exploration Company BHP pushes ahead with Pilbara expansion

November 25th, 2008

“Daily updated mining exploration news on the top mining exploration company—-BHP Billiton will go ahead with an ambitious $US4.8 billion ($7.5 billion) expansion plans for its Pilbara iron ore operations despite falling global demand.
The company said this afternoon it had given the green light to its Rapid Growth Project 5, under which it will boost [...]